ADCB Egypt, HDB offers PWDs scholarships, soft loans and special cards
Within the framework of implementing the Central Bank’s instructions for financial inclusion and access for people with disabilities; the banks operating in the Egyptian market have introduced various programs and procedures to facilitate PWD’s access to banking services and products in a distinct way.
These services include educational programs and scholarships that enable them to enroll in major universities in Egypt and provide access to banking products, credit facilities, discounts and fee exemptions.
ADCB launches 1st of its kind financial package for PWD’s
Abu Dhabi Commercial Bank launched the “Erada” package, the first of its kind that provides integrated services designed to support people with disabilities.
Erada is the first comprehensive package offering banking and non-banking services that is specially designed to support people with disabilities to ease their everyday life.
Believing in the importance of quality of education and aiming to achieve equality and diversity in line with the bank’s vision “inclusion via empowerment”, ADCB Egypt is pleased to announce the ADCB University Scholarship program “Erada” for people with disabilities (PWD).
Now, high-school graduates with disabilities can be enrolled in Zewail University of Science and Technology and Ain Shams University on the credit-hour system. Scholarship covers all studying years fees till the graduation.
Under Erada programme; PWD’s can get a loan lowest interest rate with an amount of up to one million Egyptian pounds with a repayment period of up to 8 years.
ADCB also signed a protocol with the El Sewedy Foundation, with the support of the European Bank for Reconstruction and Development (EBRD), to launch the first semester of technical education and vocational training for people with special abilities through the El Sewedy Academy for Dual Technical Education. Students of the academy will receive a diploma from the Ministry of Education and Technical Education.
The bank stressed that this comes within the framework of the bank's ambitious vision to achieve an effective impact in serving the community and achieving the implementation of the goals of sustainable development.
The prestigious Digital Banker association awarded ADCB Egypt with Best Financial Inclusion Initiative for its efforts regarding giving access to PWDs.
Egypt’s housing bank exerts lots of effort to provide financial inclusion for PWDs
The Housing and Development Bank affirmed its keenness to support the efforts of the Central Bank of Egypt in facilitating the provision of banking services and products to PWD’s and encouraging them to deal with the banking system.
This is done by taking several measures that encompassed including them among the bank's customers segments as well as providing them with home visits to update their banking data in the event of their request.
The bank's procedures included accepting the stamp and fingerprint as an alternative to signing all banking procedures, while providing a mechanism for presenting banking products and services to PWDs and communicating with them inside the branches by printing forms in Braille, displaying products and services in sign language, making available a recording for the terms and conditions to visually impaired customers.
HDB also exempted PWDs from the expenses of opening accounts throughout the year, in addition to providing prominent (debit - credit) cards upon the customer requests for the visually impaired.
Among its procedures to give access to PWDS; the bank provided an e-mail to facilitate communication, and the bank succeeded in making about 10% of its branches accessible for PWDs.
